LONDON — European stock markets were down in late morning trading on Monday, with the CAC 40 in Paris leading the way.

The French market dipped 0.9 percent to 5,153.28; followed by the FTSE MIB in Milan, 0.5 percent to 23,311.04; and the DAX in Frankfurt, 0.2 percent to 11,788.97. The FTSE 100 in London edged down 0.1 percent to 7,050.55.

The euro traded at $1.09, while the pound fetched $1.52, and the Swiss franc equaled $1.05 at 11:55 a.m. CET.

Retail and luxury stocks were mostly down, with the biggest fallers including, 2.6 percent to 0.74 pounds; Salvatore Ferragamo, 2.3 percent to 28.27 euros; Marks & Spencer Group, 1.4 percent to 5.47 pounds;, 3.5 percent to 38.71 pounds; and Tesco, 3 percent to 2.18 pounds.

Among the few stocks that gained ground were French Connection, 8.3 percent to 0.42 pounds; Italia Independent Group, 2.7 percent to 37.56 euros; and Yoox Group, 1.3 percent to 30.73 euros.

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